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Share Name | Share Symbol | Market | Stock Type |
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Randgold Ads | GOLD | London | Depository Receipt |
Open Price | Low Price | High Price | Close Price | Previous Close |
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83.00 |
Top Posts |
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Posted at 08/3/2024 07:18 by apotheki KAVANGO RESOURCES PLC / LSE:KAVZIM: First Gold Production Commences Immediately Kavango Resources plc (LSE:KAV), the Southern Africa focussed metals exploration company, its pleased to announce the Company has formed a new subsidiary in Zimbabwe; Kavango Mining (Pvt) Limited ("Kavango Mining"). Kavango Mining will become the Company's mining arm in Zimbabwe and will move into revenue this month. Further, the Company is pleased to announce it has signed its first contract to commence immediate gold mining operations at the Hillside Project ("Hillside") (the "Mining Contract"). Highlights - Kavango to take over existing mining operations at Hillside immediately. - Kavango to fund capital investment and will receive 100% of revenue generated. - Gold production at Hillside has been consistently profitable for three years. - Kavango aims to double current production to 1 kilogram ("kg") of gold a month over the course of 2024. - Current revenue at Hillside is c.US$30,000 a month, which will be reflected in Kavango's financial reporting from 01 March 2024 (the Mining Contract's effective date). - Kavango to develop a mining 'growth point' at Hillside by upgrading the project's plant and enhancing local community-led gold extraction to increase near-term production. Separately, Kavango has an option to acquire Hillside (announced >>> 25 July 2023), which Kavango is currently renegotiating terms on. The Mining Contract is not contingent on exercising the Option. Ben Turney, Chief executive of Kavango Resources, commented: "From this month, Kavango moves into revenue through gold production at Hillside. Following announcement of our maiden gold resource estimate at Nara, this is a second major milestone for the Company this week. Current revenue at Hillside amounts to around $30,000 per month and the operation there is already profitable. Continuous production at Zimbabwe gold projects secures the ground and forms an important part of any long-term development plan. Our objective is to become a significant gold producer in this country, and this is our first step towards achieving this goal. If all goes well, there are other production opportunities we hope to bring to Kavango. Gold production at Hillside has been consistently profitable for the last 3 years, despite capital constraints. As with most projects in Zimbabwe, the lack of investment capital has held back growth. There are currently two stamp mills operating at Hillside. Our immediate plan is to add a third stamp mill and to start processing feed material from the four prospects our exploration team has identified here. We also plan to work towards small-scall underground mining to increase production. We aim to double production to 1kg of gold a month at Hillside, over the course of 2024. Meanwhile, we will continue our wider exploration at Hillside as we seek to discover larger-scale bulk minable gold deposits." |
Posted at 08/3/2024 07:08 by time for common sense 998. I have nowhere stated I prefer btc?You missing the point. I think both are useless. Farm land is only solution. Sav has proven that gold price is manipulated so I have only asked why you think someone will accept payment with PM's in mad max scenario? What is so special about gold? .Is it just belief, because it was according to his-story used as money? Really if you look at it ask yourself how did they pay with gold in 15th century for example? What was driving the value of it in Europe or Africa?.Everything before 1800's is a lie and that also apply to gold. The value of gold is related to free energy but that is another conspiracy. |
Posted at 07/3/2024 15:50 by peterbarnes35 Then pineapple we will have to disagree. Not for nothing have both China and Russia been accumulating as much gold as they can? Or do gold coins have to be used, only that the currency is gold backed. For much of history money was gold backed, and it was in 1971 when Nixon took America of it,s then gold standard. And thats when all those debt problems originate?.PS Obviously the Russians and Chinese are complete fools,lol. As for me i,ll carry on Accumulating gold and silver' fool that i am,lol. Wothout being backed by a precious metal, then money is just a piece of useless paper?. Fiat?. |
Posted at 06/3/2024 19:56 by savogi WeyI argued 6 years ago that we would NOT see gold prices over $1,500, but wouldn't be suprised to see gold below $1,000" "we will see $1,000. $1,300 to $1,350 as good as it gets" -------------------- I'm not here to shower you with praise, but if you take a moment to glance at the graph below, you'll see that gold plummeted to 1,060 on November 30, 2015. How about that? H TTP://www.bullionbyp [...] Keep beating your meat...LOL.. |
Posted at 06/3/2024 17:15 by spawny100 savogi?7 Mar '17 - 21:53 - 191821 of 281920?0 0 0Gazz27 Mar '17 - 16:21 - 191807 of 191820 0 0Gold being murdered again, what is the point in holding this barbarous relic in these times - seriously?---------- |
Posted at 05/3/2024 15:29 by savogi It's proving to be a challenge for individuals like Spawny to fully comprehend the prediction I made in 2013, asserting that the gold price wouldn't surpass $1500 for an extended period. That being said, a swift examination of the graph below reveals that gold prices did, in fact, stay below $1500 from December 2013 to 2020, spanning seven years. Meanwhile, Spawny seems to struggle with accurate predictions even within a seven-hour timeframe,let alone over seven years...LOL... The upward movement in gold prices only initiated during the Covid pandemic, when nearly everything had already tripled in value..H ttps://www.bullionby [...] |
Posted at 04/3/2024 21:03 by john nada Uncomfortable truth for Barnestein. Brown sold our gold reserves to bail out a jew bank.------------- Members 799 Posted March 25, 2010 From earlier thread hxxp://www.financial WHEN GORDEN BROWN SOLD BRITAIN’S GOLD In 1999, it was rumored that investment bank Goldman Sachs had a 1,000 ton gold short position in the markets. Goldman Sachs was betting that the price of gold would continue to fall and they would be amply rewarded for their apparent “risk”. Because of central bank manipulation, the price of gold had moved inversely to the rise of stocks for almost 20 years and bankers were making easy money on the bet gold would continue its downward spiral. However, much to the shock of Goldman Sachs and the central bankers, in 1999 gold stopped falling; and, because Goldman Sachs’ short position was so large, Goldman possibly could suffer catastrophic losses. This is when England’s then Chancellor of the Exchequer, Gordon Brown, on May 8, 1999 announced England would sell over 50 % of its gold reserves, 415 tons of the most precious metal on earth at the very bottom of the market. The decision to sell England’s gold thereby saved Goldman Sachs and insured the political future of Gordon Brown. Goldman Sachs’ is still in business and Gordon Brown is now the Prime Minister of England—provin Selling a nation’s gold to save the bankers’ parasitic system is now common practice as the banker’s system continues to collapse and gold continues to rise. Since Gordon Brown sold England’s gold, gold has risen from $275 dollars per ounce to its present price of over $900 despite the thousands of tons of central bank gold sold to prevent its inexorable movement higher. |
Posted at 04/3/2024 19:13 by peterbarnes35 The price of gold, is determined by "no fine gold", and not alloyed gold. No fine being being pure gold. Any gold that has an alloyed content will have a much lower price than pure gold. A gold Britannia being no fine gold.The same applies to silver?. Silver Britannia. |
Posted at 27/2/2024 18:11 by k mon peterbarnes3526 Feb '24 - 19:37 - 281605 of 2816170 2 0 Flash Gordo did not exchange our gold for Eueros. Our gold was sold at a knock down price to anyone who would buy it. And this was done to stop Goldman Sachs from going bankrupt. -------------------- The point being pete .. .. 'with what .. was the Gold Bought...?' ... Gordo either 'Gave it away'.. (Property which was not his .. [Ahem Officer]) OR ... It was 'Exchanged'.. for FIAT .. which is backed only .. By the word of a Politician .. and the Complicity .. of the 'Fiduciary / 'Legal' ... 'System' .. [Including the Police - Judiciary - 'Accounting & Auditing 'Systems'.. etc.. ] Gold .. is ALWAYS .. Held In Trust .... - It wasn't His.... |
Posted at 13/2/2024 16:35 by savogi We are told that Russia, China and many others have bought huge amounts of gold, so that is precisely a sign that gold will start to be implemented as the new standard.Right? Sorry, Wrong.. The accumulation of gold, perceived by "financial experts" like central banks such as the ECB, aiming to transition to a new gold standard, is viewed as smoke and mirrors. They seldom disclose the true nature of their actions. What's actually occurring is the diversion of dollars through gold, as if a colossal washing machine is in operation. This is why Blackrock ventured into Bitcoin. Blackrock explicitly stated, "Bitcoin is not a security but a serious currency," expressing its intent to enhance Bitcoin trading. I anticipate Bitcoin will surge to $100K. |
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